Alico, Inc. $ALCO Shares Purchased by Gate City Capital Management LLC

Gate City Capital Management LLC boosted its holdings in shares of Alico, Inc. (NASDAQ:ALCO) by 3.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,297,679 shares of the company’s stock after acquiring an additional 39,500 shares during the period. Alico accounts for 20.4% of Gate City Capital Management LLC’s portfolio, making the stock its largest position. Gate City Capital Management LLC owned 16.94% of Alico worth $47,210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new position in shares of Alico in the 2nd quarter valued at $28,000. BNP Paribas Financial Markets grew its holdings in shares of Alico by 86.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after buying an additional 478 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Alico by 24.2% in the 2nd quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after buying an additional 314 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Alico by 792.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,285 shares of the company’s stock valued at $107,000 after buying an additional 2,917 shares during the period. Finally, RD Lewis Holdings Inc. acquired a new position in shares of Alico in the 4th quarter valued at $188,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALCO. Roth Mkm set a $45.00 price target on shares of Alico and gave the company a “buy” rating in a report on Friday, March 27th. Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a report on Monday, April 20th. Freedom Capital lowered shares of Alico from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Alico presently has an average rating of “Hold” and a consensus price target of $45.00.

Alico Price Performance

Shares of NASDAQ ALCO opened at $40.20 on Wednesday. The firm has a market cap of $298.28 million, a PE ratio of -16.34 and a beta of 0.92. The company has a current ratio of 9.63, a quick ratio of 9.39 and a debt-to-equity ratio of 0.80. Alico, Inc. has a 1-year low of $30.94 and a 1-year high of $45.01. The company has a fifty day moving average price of $41.59 and a 200 day moving average price of $39.88.

Alico (NASDAQ:ALCO) last announced its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.40. The firm had revenue of $5.34 million during the quarter, compared to analyst estimates of $2.45 million. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. Research analysts predict that Alico, Inc. will post -3.52 earnings per share for the current fiscal year.

Alico Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Thursday, July 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. Alico’s dividend payout ratio is presently -8.13%.

Alico Company Profile

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.